Martin Wolf on the Crisis of Democratic Capitalism
The Good Fight
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The Future of Populism
There are two ways of accounting for the roots of populism, he says. One puts its emphasis on a more recent crisis that came to a boil in 2008. The other emphasizes long-term and structural changes such as industrial decline. What do you think is the right description of what the likely future of democratic capitalism is? I don't know, but as it's always true about the future, which mostly is surprising, for most people is surprising.
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